SM Energy bound in Erie Draco Pad agreements

Erie approved contractual agreements with SM Energy Company alongside 7N, LLC and Extraction Oil and Gas, Inc., making SM Energy jointly and severally responsible for certain defaults and environmental obligations in the Draco mineral rights exchange and Draco Pad agreements. These agreements support increased Town production revenue and control measures around the multi-well Draco project.

Document date · June 16, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Agreement Regarding Draco Pad and related obligations effective at Closing; certain indemnities survive 12 months after Closing; Town’s production payment rights over life of Draco wells

Renewal

SM Energy’s joint and several liability for specified defaults and environmental indemnities under the mineral exchange contract and Draco Pad agreement survives for 12 months after Closing; if 7N terminates under Section 41, the Draco Pad agreement terminates and the transaction is unwound.

Document type

AgendaPacket

Source document

Town of Erie AgendaPacket Special Meeting 2026-06-16

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Erie town?

Sm Energy Company was awarded this government contract by Town of Erie town, as recorded on June 16, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Erie AgendaPacket Special Meeting 2026-06-16 (AgendaPacket), dated June 16, 2026 from Town of Erie town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sm Energy Company hold?

Sm Energy Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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